US targets Venezuela oil company chief, others with sanctions

(Reuters) – The United States issued new Venezuela-related sanctions on Friday, including measures targeting state oil company PDVSA chief Hector Obregon, according to a notice on the Treasury Department’s website.

President Nicolas Maduro and his government have always rejected sanctions by the United States and others, saying they are illegitimate measures that amount to an “economic war” designed to cripple Venezuela.

Maduro and his allies have cheered what they say is the country’s resilience despite the measures, though they have historically blamed some economic hardships and shortages on sanctions.

This post is originally published on INVESTING.

  • Related Posts

    Oil falls after Trump reverses Colombia sanctions threat

    By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

    Dollar gains on tariffs fears; euro looks to ECB meeting

    Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How to Use Industrial Demand Trends to Predict Silver Volatility?

    • July 16, 2025
    How to Use Industrial Demand Trends to Predict Silver Volatility?

    “Regulation in Africa Is Erratic; the Middle East’s Is Clearer,” FMAS:25 Panel Reveals

    • July 16, 2025
    “Regulation in Africa Is Erratic; the Middle East’s Is Clearer,” FMAS:25 Panel Reveals

    Currency Pair Manipulation: How to Spot If the Market Is Rigged?

    • July 16, 2025
    Currency Pair Manipulation: How to Spot If the Market Is Rigged?

    Europe’s Stablecoin Moment Is Now, as Dollar Wanes Under Trump’s Economic Agenda

    • July 16, 2025
    Europe’s Stablecoin Moment Is Now, as Dollar Wanes Under Trump’s Economic Agenda